Yokohama to boost truck tire prices in September

The price increase in September will be the second one in 2017 in order to cover rising costs. (Photo: Yokohoma)

Yokohama Tire Corp. announced a price increase of up to 4 percent on all of its commercial and off-the-road (OTR) tires in the United States as of Sept. 1.

“We reluctantly took a first-step price increase in early 2017 in response to the escalation in operating and material costs that peaked in late 2016,” said Jeff Barna, COO of Yokohama. “That modest increase left us under-recovered, hence requiring us to take further action.”